Mergers & Acquisitions

Fulfilling the Value Proposition

The Next M&A Wave: If mergers are once again a potential strategy for accomplishing growth objectives, the previous round of transactions offer several lessons.

The industry stands at an inflection point regarding consolidation. But this time, it is less likely to retreat from more and larger combinations. What’s driving renewed interest in mergers and acquisitions?
Byline: 

Tom Flaherty and Bill Kemp

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Exelon's Epic End Game

Electric M&A: The merger with PSE&G may herald a new industry structure, squarely at odds with regional markets.

The marriage between Exelon and PSEG would create the largest electric utility in the United States. The policy implications could loom even larger, however. Standing at risk is nothing less than FERC’s entire regulatory regime for approval of mergers and market-based rates.
Byline: 

Bruce W. Radford

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The Man Who Would Be King

Exelon Chairman, President, and CEO John W. Rowe, on the proposed merger that would create the largest utility in the United States.

Exelon CEO John W. Rowe would head the largest utility in the industry, if a proposed merger with PSEG goes through. By creating a $40 billion market-capitalization utility, the newly formed company would be 60 percent larger than its nearest market-cap peer, and would have total assets of approximately $79 billion, with almost $25 billion in annual revenues and $3.2 billion in annual net income.
Byline: 

Richard Stavros

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The Exelon-PSEG Super Merger: A Nuclear Liability?

Experts debate the risks of a proposed acquisition that would increase the largest nuclear fleet in the country.

Even as many energy and financial experts are touting the so-called “synergies” of the proposed merger between Exelon and PSEG, some are growing concerned over one of the deal’s chief selling points: the high concentration of nuclear power.
Byline: 

Richard Stavros

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